Saturday, January 16, 2010

Is There a Silver Lining?

Is there a silver lining in the economic downturn? Those who are losing their homes and businesses may not think so. Business owners who have not protected their personal assets may find they are in a double bind. Their business problems spill over into their personal lives. Careers, businesses, and personal lives are so intertwined they cannot be separated, but owning your own business affects your personal life even more closely. Whether you are in a tough financial bind or relieved to take a new direction in your life, change can be a good thing. The article, Silver Lining in Economic Maelstrom on the New American Dream, website reminds us that the economic downturn may be turning people's minds away from consumption and on to things that really matter.

This is the perfect time to think about your vision for yourself and your business and why you went into business in the first place. Think like an entrepreneur wherever your career takes you. Look again at your values and where they came from.

  • Are you influenced more by the media and your friends, or by what is really important to you?
  • Is earning money your first priority at this time in your life or do you have the time and financial means to take risks and spend your time and money on the things your love to do?
  • Are you taking the time to to choose your direction rather than letting it choose you?

If earning money is a priority, you can learn to live on less and enjoy it more. Through training or experience learn the skills that will take you where you want to go. Enjoy the simple pleasures in life. I learned to "Have a fine day" from my little dog, Pepper. The new year is a good time to revisit your personal and business "Vision." Have you drifted off course? You may need to pay attention to your natural strengths and the skills you are building. Determine how much risk you can take at this time in your life. An entrepreneur is resourceful, resilient, and able to take planned risks. Make your risk-taking worthwhile and enjoy the ride!

This website is intended for informational purposes only. Comments are open to the public and not endorsed by the author. For career advise, coaching, or counseling, please seek out a professional who can meet your personal needs.

Nancy Miller, M.S., Career Management Consultant
Copyright Center for LifeWork Design © 2007
Reprint by permission only –

1 comment:

  1. Hi Nancy - I just discovered your blog. So nice to find a colleague who is blogging. Nice post. I think it's so important to pay attention to that silver lining right now. I read an article recently that talked about how bad times actually bring out the resourcefulness and creativity in people. I'm trying to focus on that. I find it helps to pay attention to that rather than all the doom and gloom out there. All the best, Patty Bechtold


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